The Wi-Fi Extender Market is being driven by Increase in development of smart cities
The Wi-Fi Extender Market is expected to grow at a CAGR of 7.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 766.8 million. In the rapidly evolving wireless technology landscape, the demand for Wi-Fi extenders is poised to surge. As end-users globally transitioned from 2G to 3G wireless technology, the industry responded with the introduction of 4G LTE. With increasing consumption of data in the form of multimedia content, the need for faster and wider wireless coverage becomes imperative. Wi-Fi extenders offer a solution by connecting multiple users to advanced 4G LTE technology, expanding its reach and ensuring seamless connectivity. Consequently, the global Wi-Fi extender market is projected to witness significant growth during the forecast period.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product Type (Single band extenders, Dual band extenders) End-user (Enterprises, Consumers) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Wi-Fi Extender Market Research Report
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The Wi-Fi Extender Market encompasses innovative devices such as Wi-Fi range extenders and mesh technology that enhance the coverage and connectivity of Home Wi-Fi Routers. These extenders address wireless signal dead spots, enabling tech-savvy consumers to expand their home networking and connect smart devices, consumer electronics, and even public Wi-Fi networks. Mesh Wi-Fi systems offer Gigabit ports, WPA3 encryption, and seamless connectivity for smart homes, smart cities, and IoT devices, addressing bandwidth demands and troubleshooting issues. Telecommunications and LTE technology integration further expand the market scope.
The global communications equipment market encompasses manufacturers of enterprise networking solutions, such as Local Area Networks (LANs), Wide Area Networks (WANs), routers, switches, and telecom infrastructure. According to Technavio, this market's size is determined by the revenue generated from the sales of communication equipment, broadcasting equipment, and telecommunication equipment, as well as investments made by service providers to enhance their communication infrastructure. Notably, this market does not include the revenue generated by cellular phone manufacturers. Key growth drivers for the communications equipment market include the expanding number of data centers, with hyperscalers investing significantly in the planning and development of new facilities and capacity expansions. Additionally, the increasing demand for mobile connectivity and the ongoing advancements in wireless networking technology contribute to market growth. Innovative devices, such as Wi-Fi extenders, further enhance wireless signal coverage and improve internet bandwidth, thereby fueling market demand.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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